US Treasury Department enlists JP Morgan for account validation services
The department claims to have suffered $247 billion in financial losses last year due to “improper payments”.
Risk Management
Atom Bank taps climate tech firm Kamma to evaluate mortgage book emissions
Kamma’s tech will provide a “deep review” of the climate impact of Atom’s mortgage and lending activities.
GoTyme Bank taps Nice Actimize to fight financial crime
The bank aims to leverage Nice Actimize’s AI and analytics solutions in order to prevent financial crime and fraud.
US Bank seeks AI specialist in call for automation and process transformation leader
The bank says a “significant component” of the role will be to “leverage new technologies in the AI arena”.
Lithuanian credit union group Kreda taps Amlyze for AML and compliance services
It is the fifth industry partnership for Amlyze this year and succeeds its $1 million pre-seed funding round in May.
ICYMI fintech funding round-up: Fuze, Enigio, DKK Partners and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Sibos 2023: How Economy-as-a-Service is shaping the way we work
The Economy-as-a-Service (EaaS) model is progressively reshaping multiple sectors, most notably financial services.
Sibos readies the industry to unlock the full force of AI
A variety of compelling panels led the event’s narrative on one of this year’s most trending topics.
Sibos dreams of a T+1 settlement utopia on eventful day three
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
Sibos highlights ISO 20022 as key enabler of financial innovation
Experts at Sibos evaluated how enriched data is enabling innovation in AI and the rise of predictive analytics.
Romania’s Libra Internet Bank taps Temenos to modernise payments
With Temenos Payments, the bank aims to facilitate ISO 20022 cross-border payments and reporting on the Swift network.
Daily News at Sibos 2023
Download your free copy of the Daily News at Sibos publication today!
Erez Barak joins Israeli SaaS fintech Earnix as chief technology officer
Barak has 22 years of experience in cloud infrastructure, big data and AI.
India’s Samunnati signs for Finbots.AI’s CreditX AI credit modelling solution
The deal marks another step in Finbots.AI’s push to scale across APAC.
Chatham Financial names Sam Graziano as managing director
Graziano joins from enterprise SaaS company Amount, where he was CCO for just over a year.
Intesa Sanpaolo Bank Albania live with new treasury management system from Profile Software
Acumen.plus is deployed at Intesa Sanpaolo Bank Albania on a SaaS basis.
Bonifii’s new identity credential completes pilot with Lone Star Credit Union
The product is now expected to be offered to more credit unions and banks in the US.
Digital ID firm Signicat names Michel van den Bogaard as CFO
Based in Signicat’s Rotterdam office, van der Bogaard will lead a team of more than 35 people.
Enterprise fintech Treasury4 closes Series A at $20m
The money will be spent on the development of Treasury4’s Entity4 and Cash4 solutions and also partnerships.
Risk management platform Certa’s twice-oversubscribed Series B raises $35m
The round was led by Fin Capital and Vertex Ventures Southeast Asia and India.
ICYMI fintech funding round-up: GenTwo, Momnt, myZoi, Treyd, Firstcard & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Urban Angehrn steps down as CEO of FINMA
Current deputy CEO Birgit Rutishauser will assume the position of interim CEO from 1 October.
Geely Group buys out Saxo Bank stake in joint fintech venture
Saxo Fintech was launched in 2019 to bring Saxo’s tech solutions to FIs in Mainland China.
Monzo announces new feature to help protect customers against impersonation scams
UK consumers lost a total of £177.6 million to impersonation scams last year.
Israel’s ThetaRay secures $57m to accelerate global expansion
With the fresh investment, ThetaRay plans on expediting its international expansion “across continents”.
Swift can facilitate tokenised asset transfers between different blockchains, new experiments confirm
The experiments were in collaboration with several major financial institutions, including Clearstream, ANZ and Citi.
Delta Capita names Alan Philpot as new CPO
The appointment follows the launch of the company’s distributed ledger services venture in April.
How the UK is making the fight against financial crime more connected than ever
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
Heather Gantt-Evans joins Marqeta as chief information security officer
US Army Reserves veteran Gantt-Evans will lead the firm’s global corporate and product security strategies.
Payments giant Mastercard to end crypto card partnership with Binance
As of 22 September, Mastercard will be ending its four pilot co-branded Binance card programmes.
Metro Bank founder launches acceleration partner Archie for early-stage fintechs
Archie is led by serial fintech entrepreneur Anthony Thomson and Steve Brennen, a former PayPal director.
Yahoo Finance builds out investor insights with Commonstock acquisition
Launched in 2020, Commonstock is backed by investors including Coatue, QED and Floodgate.
Morgan Stanley hit with £5.41m fine after energy traders used WhatsApp to discuss market transactions
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
FinTech Founders Video: Anandhi Dhukaram, Esdha
Dr Anandhi Vivek Dhukaram PhD drops the advice she would give herself if she could go back to when she founded Esdha.
Standard Chartered global head leaves to found fintech start-up
Manohar Chadalavada is leaving the bank to be the co-founder of a fintech start-up currently in stealth.
FullCircl reinforces compliance suite with W2 Global Data Solutions acquisition
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
FinTech Futures: Top five stories of the week – 18 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Webinar | 5 October 2023: Four must-haves for data governance in financial services
Evaluating painkillers and vitamins that drive data governance, and more, in this free webinar.
UK fintech Paytrix appoints Joe Redmond as CEO of Ireland operations
Paytrix describes Redmond as a “heavyweight of Ireland’s financial services sector”.
ANZ invests in mule account detection solution to help fight fraud
ANZ says it conducted a successful pilot in April, identifying nearly 1,400 high-risk accounts.
